Felix Grovit was educated at Wellington College (Berkshire)
and Aiglon College (Switzerland) prior to attending the Middle Temple
in London to study to be a barrister. Before completing
qualifications, he dropped out to concentrate on the property business
which he had started some time earlier.

After disposing of the bulk of his property holdings in 1974, Felix
Grovit founded Chequepoint in England where it pioneered the
stand-alone bureau de change business. The initial success in London
enabled the concept to be expanded in other key tourist destinations
such as Amsterdam, Barcelona, Paris, New York, Hong Kong, Prague and
Madrid.

In today's travel-related market-place, the Chequepoint brand has
achieved significant global recognition. This success has been built
on the company's commitment to providing customers with value,
reliability and high levels of service.

Chequepoint and its associates now operate through over 60 countries
and offer a wide range of financial services for tourists and migrant
workers including foreign currency exchange, international money
transfer, bank to bank transfers, safety deposit services and asset
based loans. An associated Delhi based company, Halcyon Datasys,
offers a business process outsourcing service with a concentration on
accountancy and IT software services.

Chequepoint now has more than 100 wholly owned branches and access to
other networks with more than 25,000 outlets worldwide.

Over the last three decades, Chequepoint management has developed the
flexibility and expertise to capitalise successfully on the major
changes that have occurred in the travel and retail currency markets.

The advent of the Euro is just one example, where the loss of a
limited number of currencies in Western Europe is balanced by the
enormous increase in travellers originating from countries with
expanding economies in Asia, Eastern Europe, South America and the
Middle East.

Chequepoint is firmly committed to ensuring that tourists, travellers
and migrant workers have access to a wide range of products and
services which meet their need for quality and value in an
ever-changing world.